Golden Cross Will Throw ideaology into the Sky , 1$+ is incoming
Today The MA100/MA200 Golden cross is formed.
Price broke the falling wedge and the pullback is completed in the 4h and daily time frames.
After clear the first resistance at 0.45 which is the last swing high, bulls will come over and push price to the upside.
The key levels are 0.603 which is the weekly body candle close and then 1$ which is the daily almost ATH and also a psychological resistance.
Based on Fibonacci levels, the first target would be the 1.272 level which is 1.04$, after a possible correction the second target will be the 1.618 which is 1.2974 . In this case ATH will be broken but in the daily TF, it is much important that in the weekly we break the 0.6 with a full-body candle, not with a long shadow above it!
If the price manages to hold above 1$, the targets would be :
1.04
1.29
1.78
2
3
Not financial advice
Price broke the falling wedge and the pullback is completed in the 4h and daily time frames.
After clear the first resistance at 0.45 which is the last swing high, bulls will come over and push price to the upside.
The key levels are 0.603 which is the weekly body candle close and then 1$ which is the daily almost ATH and also a psychological resistance.
Based on Fibonacci levels, the first target would be the 1.272 level which is 1.04$, after a possible correction the second target will be the 1.618 which is 1.2974 . In this case ATH will be broken but in the daily TF, it is much important that in the weekly we break the 0.6 with a full-body candle, not with a long shadow above it!
If the price manages to hold above 1$, the targets would be :
1.04
1.29
1.78
2
3
Not financial advice